Archive for the ‘Crain’s’ Category

Calatrava’s Chicago Spire developer missed property tax deadlines


Thomas A. Corfman

Garrett Kelleher failed to pay nearly $430,000 in property taxes due nearly two months ago on the proposed site of the Spire, even as the Irish developer was launching a lavish, five-city Asian tour to trumpet the massive skyscraper….

A spokeswoman for the 150-story Spire … confirmed that the taxes were past due and blamed an error in the address for the tax bills….

The March 4 payment date is at least the third time Shelbourne has been behind in its property taxes. The Dec. 3 payment was made 11 days late. The March 1, 2007, taxes weren’t paid until May 21 of that year….

Read the story here.